Difference between revisions of "Inside Bar LE"
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(Created page with "=== Definition === The Inside Bar is a candlestick pattern that forms completely within the bounds of prior bars' highs and lows. Inside Bar pattern may be contrasted with o...") |
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The Inside Bar is a candlestick pattern that forms completely within the bounds of prior bars' highs and lows. Inside Bar pattern may be contrasted with outside days, in which a day's candlestick chart exceeds the bounds of a prior day's high and low. Inside Bars may indicate consolidation or lower price volatility. | The Inside Bar is a candlestick pattern that forms completely within the bounds of prior bars' highs and lows. Inside Bar pattern may be contrasted with outside days, in which a day's candlestick chart exceeds the bounds of a prior day's high and low. Inside Bars may indicate consolidation or lower price volatility. | ||
| − | The Inside Bar LE signal | + | The Inside Bar LE signal generates a long entry order if two conditions are met:<br> |
1. The High of one bar ago is greater than the current bar's High;<br> | 1. The High of one bar ago is greater than the current bar's High;<br> | ||
2. The Low of one bar ago is less than the current bar's Low.<br> | 2. The Low of one bar ago is less than the current bar's Low.<br> | ||
Latest revision as of 15:51, 11 October 2021
Definition
The Inside Bar is a candlestick pattern that forms completely within the bounds of prior bars' highs and lows. Inside Bar pattern may be contrasted with outside days, in which a day's candlestick chart exceeds the bounds of a prior day's high and low. Inside Bars may indicate consolidation or lower price volatility.
The Inside Bar LE signal generates a long entry order if two conditions are met:
1. The High of one bar ago is greater than the current bar's High;
2. The Low of one bar ago is less than the current bar's Low.
Use Inside Bar SE for entering a short position.
Commission or slippage are not taken into account for strategy calculation.
Default Inputs
This signal does not have pre-built inputs.
